Procurisk

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Procurisk® is a risk modelling tool to identify procurement risks
and develop risk mitigation strategies within your business.

Procurement decisions have the potential to create serious risks for a buying organisation.

Procurisk ® augments ISO 31000:2009 and is of material assistance to Directors, Audit, Legal, Finance and Procurement specialists.

  • Enhanced bottom line performance
  • Visibility of procurement risks to inform the Board of Directors
  • Enhanced value for money
  • Greatly reduced potential for contract disputes
  • Lower insurance costs
  • Strategic supplier risks visible and managed
  • Robust methodology to support Audits and Corporate Risk Management
  • Enhanced negotiation strategies for risk allocation
  • Enhanced Contract Management processes to avoid supplier non-performance
 
 

Pricing Guide

A range of pricing levels to suit your requirements.
   
Number of Users 2 10 30 As Required
Number of Datasets with Unlimited Use throughout your subscription 4 8 12 All 12 plus Project Dataset and future releases
Module 1 - Vendor Risks
Module 2 - Procurement IT Systems Support Risks
Module 3 - Intellectual Capital Risk
Module 4 - Contract Management Risks (Post Contract Award)
Module 5 - Procurement Performance Visibilty Risk
Module 6 - Procurement Dependencies Risk
Module 7 - Supplier Relationship Management Risks
Module 8 - Supply Market Risks
Module 9 - Contract Risks
Module 10 - Financial Risks
Module 11 - Procurement Pricing Decision Risks
Module 12 - Intellectual Property Risks
Module 13 - Project Procurement Risks
Total Number of Risks Addressed 75 146 241 As required
Analysis Report and Suggested Actions provided online
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Procurisk® will help you enhance your procurement risk management using expert guidance.
 
 

How do I access Procurisk?

Procurisk® is designed to be used online, accessed through a normal web browser.

The tool can be applied to a single purchase, a project specific procurement, a procurement category (IT for example), or in a dispute scenario.

There are over 200 metrics within the datasets. The metrics can be self-assessed within an organisation, although if required Brian Farrington Limited can provide resources to assist with the assessment.

The output is visually displayed and offers the potential for an annual review of procurement risk management.

Each metric has descriptors to help position your risk modelling on a risk scale.

Procurisk® is augmented by ACTION guidance, suggesting possible actions that can be taken to mitigate your procurement risks.

A range of assessment modules to suit your requirements

Procurisk® currently has 12 datasets, aimed at identifying risks in key facets of procurement.

Examples of the datasets are; Supply Market Risks; Contract Risks; Intellectual Property Risks; Contract Management Risks; Vendor Risks and Price Management Risks.

Contract Risks
Financial Risks
Supply Market Risks
Supplier Relationship Management Risks

Procurement IT Systems Support Risks
Procurement Dependencies Risk
Intellectual Property Risks
Procurement Pricing Decision Risks
Vendor Risks
Procurement Performance Visibilty Risk
Intellectual Capital Risk
Contract Management Risks (Post Contract Award)
Project Procurement Risks
Procurisk ® is a registered trademark of Brian Farrington Ltd.
Copyright © 2015 Brian Farrington Ltd. All rights reserved.

Brian Farrington Ltd
Rainford Hall, Crank, St Helens, United Kingdom, WA11 7RP

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